U.S. stocks continue to rise significantly, and cryptocurrency concept stocks are experiencing an astonishing surge. Institutions are frantically buying into the crypto market, seemingly injecting all market funds into Ethereum, as Bitcoin is unable to drive any momentum. The current trend is as if Ethereum is replacing Bitcoin.

The price has risen from around 4190 to approximately 4516, a surge of over 300 points, an unprecedented move that can only be described as madness. 4500 is also precisely the psychological resistance level for many retail investors, and due to the circumstances, a shallow adjustment was unavoidable.

The 4510-4530 area can continue to hold, with a target down to the 4400-4350 area $BTC